Adapt The Job Description Of The Chief Executive Officer

Adapt the job description of the Chief Executive Officer to detail the essential job duties with respect to risk management

Please Make This New Work And Non Plagerized With Apa Citations Very Please Make This New Work And Non Plagerized With Apa Citations Very PLEASE MAKE THIS NEW WORK AND NON PLAGIARIZED WITH APA CITATIONS. VERY IMPORTANT THAT THIS HAS INTEXT QUOTED APA CITATIONS. This assignment needs to be at minimum /2 pages long excluding the title page and reference. So total of /2 pages including all items. Your first task is to adapt the job description of the Chief Executive Officer to detail the essential job duties with respect to risk management. Use the provided job description as a starting point for your work. Then add specific risk responsibilities for this position the COSO framework as a guide. Here is the attachment for the job description. Look at other job descriptions for this role on other sites and reference as needed. Needs to be related to risk management. I need this by midnight tonight please.

Paper For Above instruction

The role of the Chief Executive Officer (CEO) is pivotal in guiding an organization toward achieving its strategic objectives while ensuring operational efficiency. An essential component of effective leadership involves comprehensive risk management, which helps safeguard organizational assets, protect stakeholders, and sustain long-term growth. Adapting the typical CEO job description to emphasize risk management responsibilities entails detailed integration of strategic oversight and risk mitigation aligned with recognized frameworks such as COSO (Committee of Sponsoring Organizations of the Treadway Commission).

Primarily, the CEO is responsible for establishing a risk-aware culture within the organization. This involves setting the tone at the top, emphasizing the importance of risk identification, assessment, and mitigation at all levels. According to the COSO ERM (Enterprise Risk Management) framework, leadership must embed risk considerations into strategic planning, decision-making, and operational controls (COSO, 2017). Therefore, a core duty of the CEO is to ensure that risk management is integrated into the corporate governance structure and that appropriate entities, such as the risk management committee, have visibility into risk profiles and mitigation strategies.

In addition to overseeing overall strategic direction, the CEO must cultivate an environment where risk assessment is ongoing, dynamic, and informed by data. This involves facilitating enterprise-wide risk assessments, ensuring that emerging risks, including reputation, cyber threats, regulatory compliance, and financial risks, are prioritized and addressed proactively (Fraser & Simkins, 2016). The CEO should also oversee the development of risk appetite statements, which define the level of risk the organization is willing to accept, aligning with COSO’s emphasis on aligning risk management with organizational objectives (COSO, 2017).

Furthermore, the CEO plays a key role in resource allocation for risk management initiatives. This involves approving budgets for risk mitigation programs, insurance policies, cybersecurity defenses, and crisis management plans. According to Hillson (2019), effective risk leadership by the CEO ensures that adequate resources are committed to risk controls, which is essential for resilience and organizational sustainability. The CEO also bears responsibility for ensuring that risk monitoring and reporting systems are robust and integrated into the organization’s strategic reviews.

Another critical aspect of the CEO’s risk management duties involves communication. The CEO must regularly communicate risk-related matters to the board of directors, stakeholders, and employees. Transparent reporting regarding risk exposures, mitigation efforts, and policy changes facilitates a culture of accountability and continuous improvement (Power, 2018). In this context, the CEO acts as a key figure in aligning organizational risk management practices with industry standards and regulatory requirements.

In conclusion, adapting the CEO job description to emphasize risk management involves broadening the scope to include strategic risk oversight, fostering a risk-aware culture, resource prioritization, and transparent communication. Leveraging frameworks such as COSO enhances the effectiveness of these responsibilities, ultimately ensuring that the organization is resilient in the face of uncertainties and capable of sustaining its objectives amidst evolving risks (COSO, 2017; Fraser & Simkins, 2016; Hillson, 2019; Power, 2018).

References

• Committee of Sponsoring Organizations of the Treadway Commission (COSO). (2017). Enterprise risk management — Integrating with strategy and performance. https://www.coso.org/documents/2017-COSO-ERM-Integrating-with-Strategy-and-Performance.pdf
• Fraser, J., & Simkins, B. (2016). Enterprise risk management: Today's concepts and best practices. CFA Institute Research Foundation.
• Hillson, D. (2019). Managing risk in projects. Routledge.
• Power, M. (2018). Organizing risk: Discourse, narrative, and governance. Oxford University Press.